Identify Which of the Following Statements Is True

question 95

Multiple Choice

Identify which of the following statements is true.

• A)A trust can own S corporation stock and have a C corporation as a beneficiary as long as the corporation is the sole beneficiary.
• B)A QSST is an arrangement whereby the stock owned by a number of shareholders is placed under trust control for purposes of exercising the stock voting rights.
• C)A testamentary trust can be converted into a QSST trust.
• D)All of the above are false.

---

Definitions:

First-Cousin Marriage Prohibitions

Laws or social norms that forbid marriage between first cousins to prevent genetic disorders.

United States

A country in North America composed of 50 states, a federal district, and various territories, known for its high standard of living and significant global influence.

19th Century

The period from 1801 to 1900, marked by significant industrial, cultural, and political changes worldwide.

Monogamous Marriages

A form of marriage in which an individual has only one spouse at a time.